Travelers Institute to Host National Association of Realtors® Chief Economist to Discuss Real Estate Market Outlook

Rhea-AI Summary

The Travelers Institute, part of Travelers Companies (TRV), is holding a free webinar on Oct. 26 at 1 p.m. ET, featuring Chief Economist Lawrence Yun of the National Association of Realtors.

Yun will discuss the challenges facing the real estate market, including high mortgage rates, low inventory, and their effects on buyers, sellers, and the insurance sector. Joan Woodward, President of the Travelers Institute, will moderate the session, which aims to provide insights into the current and future market dynamics.

HARTFORD, Conn.--(BUSINESS WIRE)-- The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), will host a webinar Wednesday, Oct. 26, titled “Under Pressure: Real Estate Market Update with National Association of Realtors® Chief Economist Lawrence Yun.”

“The real estate market has been challenged in recent years, from increased prices and low inventory levels to supply chain issues and rapidly rising interest rates,” said Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers. “We are excited to have Lawrence join us and share his perspective on the current market dynamic and its impact on the broader economy.”

Woodward will moderate the session, which will take place at 1 p.m. ET. Yun will discuss the outlook for the residential and commercial real estate markets, and what it means for buyers, sellers, renters, investors and the insurance industry.

“Mortgage rates have already reached decade-high levels, and the housing market is clearly undergoing a marked transition,” said Yun. “The near-term outlook for home sales and home building is weak, but home prices currently continue to look to be on firm ground. I look forward to the discussion and the opportunity to answer questions about the real estate market.”

The session, which is part of the company’s Wednesdays with Woodward® series, is free and open to the public. For more information, please visit Travelers.com/Travelers-Institute. Anyone interested in attending can register here.

About the Travelers Institute

The Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005578/en/

Media:

Kassondra Mangione, 860-277-0731

KMANGION@travelers.com

Source: The Travelers Institute

FAQ

What is the webinar hosted by Travelers Institute about?

The webinar focuses on the current challenges in the real estate market, including high mortgage rates and low inventory.

When is the Travelers Institute webinar taking place?

The webinar is scheduled for Wednesday, Oct. 26 at 1 p.m. ET.

Who is the speaker at the Oct. 26 webinar?

The speaker is Lawrence Yun, Chief Economist of the National Association of Realtors.

How can I register for the Travelers Institute webinar?

Registration for the webinar can be completed through the Travelers Institute website.

What topics will be covered in the webinar?

The webinar will cover the outlook for residential and commercial real estate markets, along with their implications for various stakeholders.